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1369 Broadway

David Steiner Of USPS Acquires Office Building In Bushwick For $6.47M From Yoram Eliyahu
SOLDOffice

David Steiner Of USPS Acquires Office Building In Bushwick For $6.47M From Yoram Eliyahu

1369 Broadway

$6,467,953

Building Size

Asset Type

Office

Closing

Feb 3, 2026

AI

An office building located at 1369 Broadway in Bushwick, Brooklyn, was sold by Yoram Eliyahu. The transaction, which occurred on February 3, 2026, involved a sale price of $6,467,953. The building comprises a total area of 16,355 square feet, resulting in a price per square foot of $395.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: $6,467,953
  • Buyer: David Steiner - United States Postal Service (USPS)
  • Seller: Yoram Eliyahu
  • Date of Sale: February 3, 2026
  • Square Footage: 16,355 SF
  • Price Per Square Foot: $395

The transaction was represented for the buyer by David Steiner, who is affiliated with the United States Postal Service (USPS). Yoram Eliyahu was the seller in this deal, facilitating the transfer of the office space to USPS.

Players

David Steiner

United States Postal Service (USPS)

Buyer

$6.5M

vol

2 deals

Buyer

Brooklyn Office Market Snapshot

Boundary boundary · Office · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

2.45%

Cash-on-Cash

-0.70%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93